Glencore and QIA acquire 19.5% stake in Rosneft

9/12/2015
Privatisation

€ 10.5 billion

$ 11.184 billion

Announced

9/12/2015


Overview:

  • Glencore and the Qatar Investment Authority have confirmed an agreement to acquire a 19.5% stake in Russian national oil company Rosneft for €10.5 billion. 
  • The deal is part of a wider privatisation programme by the Russian government.
  • It is particularly complicated by European sanctions on various elements of the Russian government.

Jurisdiction:

Russia

Deal type:

Privatisation

Practice area:

M&A

Governing law:

Russia

Industry sector:

Oil and gas


Firms:

Party: Qatar Investment Authority (QIA) (Acquirer)

Lawyer: Polina Lyadnova


Party: Glencore (Acquirer)

Lawyer: Toby Grimstone


Party: Rosneft Oil Company (Seller)